The world of multilevel marketing is one that has attracted positive and negative criticism in equal measures. The unbelievers have branded LifeVantage scam due to their fast growth and profitability. LifeVantage grew their revenues by a whopping 65 percent in 2013 a figure many companies who die for. This impressive growth in revenue pushed their income for the year to record 208 million.
Some of the negative criticisms are valid based on some past issues the company has had. Right from the beginning back in 2005 they concealed the truth when Dr. Joe McCord took all the credit for discovering Protadium. Protadium is the main product manufactured by LifeVantage and many medical articles have been written on it. The articles have demonstrated the importance of Protadium in reducing the chances of diseases infections by reducing oxidative stress in people's body.
Paul MyHill in 2009 claimed that he was a part of the Protadium discoverers. He did not hide his disappointment with LifeVantage for giving all credit to Dr. McCord. The reason he gave for his 4 year silence was that they wanted to benefit from Dr. McCord's big name in the industry. To back his claims was a signed letter from McCough acknowledging MyHill to be one of the people behind Protadium discovery. This is one of the scams of the company.
In the year 2012 another rumors emerged from mlmwatchdog.com that LifeVantage had bought out Dr. McCord for $1.7 million after they had announced that he had retired. A company called Zrii filed a case against Life Vantage for trying to weaken the value of the company in order to buy it out. The court punished LifeVantage by a punitive $400,000 damage pay to Zrii. This is just one of the lawsuits the company has faced over the years
The company has not had lawsuits against other companies only but has also had some against its distributors. One of the former distributors, Burke Hedges after being wrongly terminated from the company filed a lawsuit in Utah seeking to get $3 million damage compensation from Life Vantage in the year 2011. The company in 2013 sacked and filed a case against Jason Domingo on issues concerning leak of company secrets
You may wonder if it is worth avoiding LifeVantage due to its past mistakes or it is unfair to do that. Before making that decision it would be of importance to know that these issues have not directly involved clients. The clients and distributors get their paycheck on time and no delays have been reported.
The company is a member of Direct Selling Association (DSA) an association that closely monitors multi level marketing companies' ethics. DSA has said Life Vantage is the best networking company with the best compensation plan in America. What can be more reassuring than a compliment from your regulator?
LifeVantage is a listed company in NASDAQ and as with all listed companies they have to release their financial reports regularly to shareholders and the public. The growth they have shown is real and not from creative accounting. Their reports will not lie since they must be audited before reporting.
It is by good relation with employees and distributors a growth like the one reported in 2013 can be achieved. Satisfied distributors who are the drivers for growth will put more effort in their marketing to earn more commissions. Protadium is on high demand to make pharmaceutical products which you will find in pharmacy near you.
The benefits are many when you signup to be Life Vantage's distributor. The products you are selling are really great and the commission is the best in the market today. Under the regulation of DSA and requirements of public companies know that you are protected. You can even buy shares of the company to be working for yourself and making double earnings from the company
There is a sharp contrast between LifeVantage and other networking companies when it comes to lawsuits. Some like Melaleuca when you search online you will find dozens of lawsuits against them from both distributors and the management. This is normally what happens when greedy exceeds the will to work.
There is no question that LifeVantage gives you the best mlm compensation plan. Look at the bigger picture behold the few Life-Vantage scam reviews. This may be the chance to solve your financial problems.
Some of the negative criticisms are valid based on some past issues the company has had. Right from the beginning back in 2005 they concealed the truth when Dr. Joe McCord took all the credit for discovering Protadium. Protadium is the main product manufactured by LifeVantage and many medical articles have been written on it. The articles have demonstrated the importance of Protadium in reducing the chances of diseases infections by reducing oxidative stress in people's body.
Paul MyHill in 2009 claimed that he was a part of the Protadium discoverers. He did not hide his disappointment with LifeVantage for giving all credit to Dr. McCord. The reason he gave for his 4 year silence was that they wanted to benefit from Dr. McCord's big name in the industry. To back his claims was a signed letter from McCough acknowledging MyHill to be one of the people behind Protadium discovery. This is one of the scams of the company.
In the year 2012 another rumors emerged from mlmwatchdog.com that LifeVantage had bought out Dr. McCord for $1.7 million after they had announced that he had retired. A company called Zrii filed a case against Life Vantage for trying to weaken the value of the company in order to buy it out. The court punished LifeVantage by a punitive $400,000 damage pay to Zrii. This is just one of the lawsuits the company has faced over the years
The company has not had lawsuits against other companies only but has also had some against its distributors. One of the former distributors, Burke Hedges after being wrongly terminated from the company filed a lawsuit in Utah seeking to get $3 million damage compensation from Life Vantage in the year 2011. The company in 2013 sacked and filed a case against Jason Domingo on issues concerning leak of company secrets
You may wonder if it is worth avoiding LifeVantage due to its past mistakes or it is unfair to do that. Before making that decision it would be of importance to know that these issues have not directly involved clients. The clients and distributors get their paycheck on time and no delays have been reported.
The company is a member of Direct Selling Association (DSA) an association that closely monitors multi level marketing companies' ethics. DSA has said Life Vantage is the best networking company with the best compensation plan in America. What can be more reassuring than a compliment from your regulator?
LifeVantage is a listed company in NASDAQ and as with all listed companies they have to release their financial reports regularly to shareholders and the public. The growth they have shown is real and not from creative accounting. Their reports will not lie since they must be audited before reporting.
It is by good relation with employees and distributors a growth like the one reported in 2013 can be achieved. Satisfied distributors who are the drivers for growth will put more effort in their marketing to earn more commissions. Protadium is on high demand to make pharmaceutical products which you will find in pharmacy near you.
The benefits are many when you signup to be Life Vantage's distributor. The products you are selling are really great and the commission is the best in the market today. Under the regulation of DSA and requirements of public companies know that you are protected. You can even buy shares of the company to be working for yourself and making double earnings from the company
There is a sharp contrast between LifeVantage and other networking companies when it comes to lawsuits. Some like Melaleuca when you search online you will find dozens of lawsuits against them from both distributors and the management. This is normally what happens when greedy exceeds the will to work.
There is no question that LifeVantage gives you the best mlm compensation plan. Look at the bigger picture behold the few Life-Vantage scam reviews. This may be the chance to solve your financial problems.
About the Author:
Learn more about the Lifevantage scam by visiting http://alderinordell.com/home/lifevantage-scam-avoid-lifevantage today. For additional information on the best MLM compensation plan, check out the links at http://alderinordell.com/home/best-mlm-compensation-plan now.
No comments:
Post a Comment